SINGAPORE, Oct. 10,
2024 /PRNewswire/ -- Worldwide
Stablecoin Payment Network (WSPN), a leading provider
of next-generation stablecoin infrastructure, and
dtcpay, a leading regulated digital payment platform, are making
history with a strategic partnership that will revolutionize access
to stablecoins. For the first time ever, users will have the
ability to on-ramp WUSD, a fiat-collateralized
stablecoin pegged 1:1 to the US dollar, through dtcpay
with zero fees, marking a paradigm shift in the accessibility and
affordability of digital assets.
This groundbreaking move marks a new era for stablecoins,
breaking down barriers to entry and empowering individuals and
businesses worldwide. Now, with a more inclusive and cost-effective
way to utilize stablecoin solutions, WSPN and dtcpay
are making WUSD a truly borderless and accessible digital currency.
By eliminating fees, the partnership will save users significant
amounts annually in transaction fees. WUSD will be gradually rolled
out to the many merchants supported by dtcpay, including high-end
establishments such as 35A Scotts Whisky Club and Capella Hotel
Group's flagship properties, Capella Singapore and Patina Maldives,
Fari Islands. This practical implementation demonstrates the
immediate impact and versatility of WUSD in everyday transactions,
from luxury experiences to hospitality services.
"This zero-fee WUSD on-ramp with dtcpay is a game-changer for
Stablecoin 2.0," said Raymond
Yuan, Founder & CEO of WSPN. "This partnership embodies
our vision of making digital assets truly accessible to all,
accelerating the adoption of stablecoins in the world. WSPN is
proud to lead this financial revolution, reshaping the future of
borderless transactions."
"Partnering with WSPN to offer a zero-fee on-ramp for WUSD is a
monumental step in making digital assets more accessible and
affordable for dtcpay's users. At dtcpay, we are excited to lead
this charge toward a more inclusive financial future, breaking
down barriers and creating new opportunities", said
Anson Zeall, Chief Strategy Officer
& Head of Compliance, dtcpay.
By eliminating fees for on-ramping WUSD, WSPN and dtcpay are
democratizing access to stablecoins, fostering greater adoption and
paving the way for a more efficient, transparent, and equitable
financial system globally.
About WSPN
WSPN is a leading provider of next-generation
stablecoin infrastructure, committed to building a
more secure, efficient, and transparent payment solution for the
global economy. Their flagship product, WUSD
stablecoin, is pegged 1:1 to the U.S. Dollar and aims
to optimize secure and licensed digital payments for Web3 users.
WSPN 's Stablecoin 2.0 approach prioritizes
user-centricity, community governance, and accessibility, paving
the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
About dtcpay
dtcpay is a regulated Major Payment Institution (MPI) licensed
by the Monetary Authority of Singapore (MAS) to conduct Digital Payment
Token (DPT) services and other payment services under the Payment
Services Act (PSA).
As a leading provider of digital payment solutions, we pioneer
the integration of cryptocurrency acceptance into
traditional financial systems. With a vision to make global
transactions seamless and sustainable, dtcpay empowers individuals
and businesses to embrace the future of payments.
Learn more at dtcpay.com.
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SOURCE WSPN